Investment type
Mutual Fund SIP calculator may provide potential investors an approximate estimate on the maturity amount of the monthly SIP, purely based on mathematical calculation of the projected annual return rate selected by investor. However, such calculation does not factor the actual performance by the Asset Management Company (AMC) and should not be treated as any advice or assurance about the actual return of investment. Mutual Funds do not have a fixed rate of return and it is not possible to predict the rate of return. Please note that the SIP calculator are for illustrations only and do not represent actual returns which may vary depending on various factors including but not limited to actual performance, expense ratio, taxation, exit load (if any), etc.
Frequently asked questions
What is the best-performing LIC mutual fund for SIP?
Determining the top-performing LIC mutual fund for SIP depends on factors such as your financial goals, investment horizon, and risk tolerance. Explore the range of LIC mutual fund options available and consider seeking advice from a financial advisor for personalised recommendations.
How do I start investing in LIC Mutual Fund SIP?
To begin investing in LIC Mutual Fund SIP, start by selecting a scheme that matches your investment objectives and risk tolerance. Decide on the SIP amount and frequency, complete online KYC verification, make the initial payment online, and authorise auto-debit through an ECS mandate.
Is investing in LIC SIP a secure choice?
Life Insurance Corporation of India has a reputable mutual fund house regulated by SEBI, offers SIPs with inherent market risks that may cause fluctuations in returns. Ensure to select a fund that aligns with your risk appetite.
What is the interest rate for LIC SIP?
The interest rate for LIC mutual fund SIPs is not fixed, as returns are based on the performance of the chosen mutual fund.
Can I invest Rs. 1,000 monthly in LIC SIP?
Yes, you can invest Rs. 1,000 per month in an LIC mutual fund SIP. However, verify if the selected fund permits this investment amount, as the minimum SIP amount varies among funds.
Can LIC SIP be withdrawn anytime?
Yes, you can withdraw your LIC SIP investments anytime unless the scheme has a lock-in period, such as ELSS funds which require a three-year lock-in. For open-ended schemes, there are no withdrawal restrictions, allowing investors the flexibility to redeem their units as needed.
Can the LIC SIP amount be increased?
Yes, you can increase your LIC SIP amount by opting for the step-up or top-up SIP feature. This allows you to periodically raise your investment as your income grows, helping you build a larger corpus over time without having to start a new SIP plan.
Why should you invest in LIC SIP?
LIC SIPs help inculcate disciplined investing habits by allowing you to invest a fixed amount regularly. They offer the benefit of rupee cost averaging and compounding, making them ideal for long-term wealth creation, especially for beginners who want a simple and systematic approach to investing.
Is the LIC SIP calculator free to use?
Yes, the LIC SIP calculator is completely free to use. It helps you estimate the potential returns on your investments based on your monthly SIP amount, investment duration, and expected rate of return. It’s a useful planning tool for setting realistic financial goals.
How accurate are LIC SIP calculator results?
The LIC SIP calculator provides close approximations based on the inputs you provide, such as expected return rate and duration. While it offers a reliable estimate for planning, actual returns may vary depending on market performance, scheme selection, and other external factors influencing mutual fund returns.
Can I change my LIC SIP investment amount and tenure?
Yes, you can change both the SIP amount and tenure depending on the terms offered by the fund. You may need to cancel the existing SIP and start a new one with updated details. Some platforms also offer the option to modify through a step-up or edit feature.
What is the average return on LIC SIP investments?
Average returns on LIC SIP investments depend on the type of fund chosen—equity, debt, or hybrid. Historically, equity SIPs have delivered 10–15% annualised returns over the long term. However, returns are market-linked and not guaranteed, so it’s important to choose funds based on your goals and risk tolerance.
How does the LIC SIP calculator work?
The LIC SIP calculator works by taking three inputs: your monthly SIP amount, investment tenure, and expected annual return. It then computes the estimated maturity amount using a compound interest formula, helping you visualise how your investments could grow over time with regular contributions.
